Bridgeway Capital Management LLC Cuts Stake in 5E Advanced Materials, Inc. (NASDAQ:FEAM)

Bridgeway Capital Management LLC lowered its position in 5E Advanced Materials, Inc. (NASDAQ:FEAM - Free Report) by 61.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,600 shares of the company's stock after selling 95,400 shares during the period. Bridgeway Capital Management LLC owned approximately 0.09% of 5E Advanced Materials worth $39,000 as of its most recent SEC filing.

Separately, Geode Capital Management LLC boosted its holdings in shares of 5E Advanced Materials by 11.8% during the third quarter. Geode Capital Management LLC now owns 487,922 shares of the company's stock worth $264,000 after purchasing an additional 51,668 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FEAM. Weiss Ratings restated a "sell (e+)" rating on shares of 5E Advanced Materials in a report on Saturday, May 10th. Maxim Group decreased their price objective on 5E Advanced Materials from $23.00 to $12.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th.

5E Advanced Materials Trading Up 0.2%

5E Advanced Materials stock traded up $0.01 during midday trading on Friday, reaching $4.25. The stock had a trading volume of 8,773 shares, compared to its average volume of 14,393. 5E Advanced Materials, Inc. has a twelve month low of $2.82 and a twelve month high of $45.89. The stock has a market capitalization of $76.48 million, a PE ratio of -0.17 and a beta of 1.61. The company has a debt-to-equity ratio of 35.91, a quick ratio of 0.15 and a current ratio of 0.15. The stock's 50-day simple moving average is $4.19 and its 200 day simple moving average is $7.83.

5E Advanced Materials (NASDAQ:FEAM - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported ($1.68) earnings per share for the quarter. Analysts expect that 5E Advanced Materials, Inc. will post -9.22 EPS for the current year.

5E Advanced Materials Profile

5E Advanced Materials, Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It holds 100% interest in the Fort Cady project located in the Mojave Desert region in eastern San Bernardino County, California.